Macquarie Super and Pension Manager. Macquarie Super Accumulator

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1 Macquarie Super and Pension Manager Macquarie Super Accumulator Macquarie Super and Pension Manager Macquarie Super Accumulator Annual report to investors Year ended 30 June 2008 Macquarie Superannuation Plan Smart administration solutions made simple Macquarie Investment Management Limited ABN AFSL RSEL L

2 Contents 01 Welcome 02 The year in review 04 Investment returns to 30 June Asset allocation as at 30 June Investment strategies 56 Important information 59 Financial statements 62 Notes to and forming part of the financial statements 70 Trustee s statement 71 Independent report by approved auditor to trustee and members Macquarie Super and Pension Manager (Super and Pension Manager) together with Macquarie Super Accumulator (Super Accumulator) form part of a superannuation fund known as the Macquarie Superannuation Plan RSE R The trustee for the superannuation fund is Macquarie Investment Management Limited ABN AFSL RSEL L (MIML, Macquarie, the trustee, we, us). MIML has appointed Bond Street Custodians Limited (BSCL) ABN AFSL to hold the fund s investments in custody. BSCL and MIML are wholly owned subsidiaries of Macquarie Bank Limited ABN MIML is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MIML s obligations do not represent deposits or other liabilities of Macquarie Bank Limited. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MIML. Investments in Super and Pension Manager and Super Accumulator are not deposits with or other liabilities of Macquarie Bank Limited or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Neither Macquarie Bank Limited, MIML, Macquarie Life Limited ABN AFSL , Macquarie Equities Limited ABN , any other investment managers referred to in this annual report, nor any other member company of the Macquarie Group guarantees the performance of Super and Pension Manager or Super Accumulator or the repayment of capital from Super and Pension Manager or Super Accumulator. The information contained in this annual report is dated 22 December 2008 and is general information only. We have not taken into account your objectives, financial situation or needs. You should consider the appropriateness of this information, taking into account your objectives, financial situation and needs and the applicable PDS available from us or your adviser, before acting on any of the information in this annual report.

3 Welcome 22 December 2008 Dear Investor, Welcome to the annual report for Super and Pension Manager and Super Accumulator for the year ended 30 June The financial year saw the successful implementation of the Government s Better Super reforms. Key among the changes were new limits on the amount of contributions you can make, tax free benefits after reaching the age of 60 and modified pension payment rules. It has also proven to be an extraordinary year in a number of ways. The pace of change in the outlook for growth, commodity prices, equity markets, interest rates and government policy has been so dramatic that even the most astute analysts and investors have been barely able to keep up. Given the amazing developments of the past couple of months, it is easy to forget there has been not one but two once in a lifetime phenomena in The first half of the year was characterised by an incredible divergence between the fortunes of credit and commodity markets, followed by the fallout in financial markets from the subprime mortgage debacle that gained increasing traction in early To help you make sense of the year s events, we have included The year in review section on the following pages. If you have any questions about this annual report, Super and Pension Manager or Super Accumulator in general, please contact your adviser. Yours sincerely, Neil Roderick Executive Director Macquarie Investment Management Limited This annual report includes information on: Super Manager and Super Accumulator, accumulation superannuation products Pension Manager, a retirement income solution incorporating an account based pension and Term Allocated Pension. References to Pension Manager can be interpreted as references to both Pension Manager and Term Allocated Pension Manager. The financial statements relate to the entire Macquarie Superannuation Plan which includes Macquarie Super and Pension Manager, Macquarie Super Accumulator, Macquarie SuperOptions and FutureWise Super a risk only superannuation fund. 1

4 The year in review Are you concerned about your super? The sub-prime market collapse in the US, the subsequent global credit crunch and surging oil prices have all impacted market conditions. In some cases, financial markets have fallen by more than 20%. It is important to note that the events in financial markets over the past few months are not unusual. Just like economic cycles, financial markets are cyclical and are susceptible to economic downturns and bouts of speculation. Investing in financial markets should be viewed as a long-term investment and fluctuations in asset prices are part of the normal economic cycle. Understanding market volatility Many people believe investing is about timing the market getting in before prices rise, enjoying the ride up and then getting out before prices fall. Yet anticipating these market moves can be extremely difficult because no two market cycles are the same. Investors emotions make successful market timing even harder. While logic suggests the best time to buy is when asset prices are cheap or falling, many investors tend to buy when prices are rising and sell when they are falling. The emotions of fear and greed can lead us to buy and sell at exactly the wrong times. As an investor, you must allow time for the rises and falls of the market to take their course. The main message from investment experts is that it is better to buy and hold rather than trying to time the market. As the cliché says It s time not timing that counts. All investments involve risk. However, it is important to distinguish between an investment which is volatile in the short-term but may achieve strong long-term gains, and assets of such poor quality they can never be anything but a bad investment. The global economic outlook Global growth has been exceptionally strong over the past few years and this is partly the reason why the world economy is currently facing some serious challenges. The housing market collapse in the US, the credit crunch, higher oil prices, higher commodity prices, and the persistence of global imbalances are shaping the 2008 economic landscape. The slowdown in the US is perhaps the key reason why global growth has been revised lower. GDP growth is expected to soften in , before lifting to an above trend pace of 2.2% in Growth in emerging economies such as China and India are set to remain robust, and are forecast to grow by 9.3% and 7.9% in Australian economic outlook The Australian economy confounded the pessimists in the March quarter, growing by a reasonable 3.6% (annual average). While this was stronger than expected, it does not alter the impression that the Reserve Bank of Australia (RBA) has succeeded in slowing growth. Not only was growth stronger than expected, but it also proved to be broadly based. Despite very weak retail spending, household consumption grew by 0.7% and business investment was up 1.5%. Public investment was also up 5.9%. Even new housing construction managed to rise by 0.5%. While the expenditure measure of GDP only increased 0.2%, the production measure of the economy was a lot stronger, rising by 1.0%. 7,000 The long-term stockmarket trend is up Index 4,000 1, Federation Boer war ends. War priorities and shortage of imports restricts industrial activity Start of World War Brief post-war deflation U.K. returns to gold standards Crash. Export prices collapse. Industrial activity falls Depreciation of Australian currency. Cheap money policy and premier s plan European war scare. Wool prices fall. Brief economic recession and slow transition to war economy Start of World War II. Wo Sev Pearl Harbour. USA enters war Start of Korean Credit squeez fall of France Australian Share Price Index

5 However, while the GDP data was stronger than the market expected, they do not alter the outlook for growth in 2008 in our opinion. With retail spending remaining weak, the RBA will likely remain hopeful that it has done enough to slow growth sufficiently to moderate inflationary pressures. As such, the stronger GDP data is unlikely to alter the policy outlook either. However, they do reinforce the impression that the composition of growth is shifting, with interest rate sensitive sectors softening substantially, while other sectors such as government investment spending and resource exports are likely to keep the economy ticking along. Asset class performance Since the onset of the credit crunch, returns on Australian equities have fallen in line with the declines in international equity markets across the world. In the past year, the ASX200 has fallen 40%, whilst international equities have fallen 43%. A significant portion of this decline was realised over the past 3 months, as global markets took a dramatic turn for the worse in September following the collapse of US investment bank Lehman Brothers sparking a surge in risk aversion and a massive sell-off of equities. In the 3 months from August to November, Australian equities lost 23%, whilst international equities dropped 34%. Another casualty of the global credit crunch has been the listed property sector. Real estate investment trusts (REIT s) have been hardest hit of all the asset classes, with Australian REIT s down 53% over the past year. Excessive debt levels and concerns about the sustainability of dividend payments and the ability to refinance debt has seen REIT s forced to sell down property holdings and undertake capital raisings, causing a very weak performance. Even well-managed REITs have suffered, as property investors have been forced to sell the better performing trusts in order to participate in the capital raisings. The excessive risk aversion that has seen equity markets capitulate, has aided an out-performance by fixed interest instruments over the past 3 months. Australian fixed interest returns are driven by the inverse relationship between interest rates and yields. In the last three months, the global economic environment has seen central banks around the world move to cut interest rates at a rapid clip. In Australia, the RBA has cut the official cash rate by 200bps over 3 months, with further aggressive cuts anticipated in coming months. The US Federal Reserve has also embarked on significant monetary policy easing of late, contributing to the strong performance of fixed interest products. Australian bank bills are up 8% on this time last year, whilst bonds are up 12%. It is important to note that with the flight to safety into government securities common across international markets and interest rates falling in several regions, the recent out-performance of fixed interest is not just an Australian event, but rather a global phenomenon It seems unlikely that 2009 will be as eventful as this year. For the global economy, it will be a case of continuing to deal with the fallout in financial markets in the later half of Activity will be very weak, with most of the global economy in recession. How quickly it recovers will be in the hands of policy makers who may continue to re-write the rule book given the circumstances in financial markets. For the Australian economy, the growth outlook will weaken further. Economic growth slowed markedly in the first ¾ of 2008, largely in response to soaring petrol prices and increasingly tighter monetary policy. Business investment, however, went from strength to strength on the back of the incredible increases in coal and iron ore prices and solid profitability. It is likely that next year will be the mirror image of this. Interest rates and petrol prices are tumbling, but the slide in commodity prices and the increased difficulty in obtaining credit bodes poorly for business investment and employment. While this is a rather gloomy picture, there are two reasons for some cautious optimism. First, policy makers in Australia have tremendous scope to provide further support to a slipping economy. Second, equity markets are already expecting the worst, so there should be some recovery in stock markets in ol prices peak. ere but brief inflation. Oil found in Bass Strait. Commodities plunge, interest rates peak, severe recession, rising deficit. The 87 Crash The 94 Bond Market Crisis Subprime mortgage The 00 crisis Dot.com Crash War. e. Suez crisis Oil, gas and nickel discoveries. Iron ore and bauxite developed. Strong overseas investment, scrip shortage and property boom. Oil, mining and Poseidon booms. OPEC oil crisis. Inflation, credit squeeze. Property company failures. Industrial and property boom. First labour government since Energy and metal shares boom. World share price collapse. Bank credit fuels property boom. Inflation down, industrials recover, commodities weak. $A fall attracts overseas investors. World interest rates rise then falls. S&P up 70% in 2 years. CPI rise under 2%. Bond yields at 20 year low. Gold price up. US deflation scare World Trade Centre attacks Cold War ends. CBD property crash hits banks. Major recession. Interest rates and inflation fall. Privatisation starts Source: Datastream, May

6 Investment returns to 30 June 2008 Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 Abacus Diversified Income II ABA0008AU Yes Yes -1.00% Abacus Hospitality ABA0005AU Yes Yes 12.04% Abacus Retirement Living Trust ABACUSRET No Yes 17.14% Abacus Wodonga Land ABACUSWOD No Yes n/a Abacus Wodonga Mortgage ABACUSMOR No Yes 12.00% Aberdeen Asian Opportunities EQI0028AU Yes Yes % Aberdeen Australian Bond MGL0103AU Yes Yes 1.44% Aberdeen Australian Equities MGL0114AU Yes Yes -8.66% Aberdeen Australian Shares EQI0017AU No Yes n/a Aberdeen Australian Small Companies MGL0001AU Yes Yes % Aberdeen Cash Plus MGL0101AU Yes Yes 1.81% Aberdeen China Opportunities ETL0031AU Yes Yes -7.76% Aberdeen Emerging Opportunities ETL0032AU Yes Yes -5.82% Aberdeen Financials EQI0027AU Yes Yes % Aberdeen Intl Equity EQI0015AU No Yes % Absolute Capital Yield Strategies ABS0011AU No Yes % Acadian Aust Equity Long Short FSF0789AU Yes Yes % Acadian Wholesale Australian Equity FSF0787AU Yes Yes % Acadian Wsale Gbl Equity Long Short FSF0788AU Yes Yes % Acorn Capital Wsale Microcap Trust AUS0108AU Yes Yes % Advance Asian Equity Wholesale Units ADV0083AU Yes Yes % Advance Aust Geared Equity Wsale ADV0078AU Yes Yes % Advance Aust Smaller Companies W/sale ADV0075AU No Yes % Advance Concentrated Aust Share W/sale ADV0115AU Yes Yes % Advance Global Alpha ADV0117AU No Yes % Advance Imputation Wsale Units ADV0046AU Yes Yes % Advance Int Shares Multi-Blend W/sale ADV0053AU Yes Yes % Advance Intl Sharemarket Wsale ADV0047AU Yes Yes % Advance Sharemarket Wholesale ADV0066AU No Yes % Advance Smaller Co Multi-Blended W/sale ADV0096AU Yes Yes % All Star IAM Australian Share VEN0006AU Yes Yes -8.58% All Star Income VEN0007AU Yes Yes -6.81% Alpha Strategic B Class units TOL0055AU No Yes 8.84% AMP Cap Structured High Yield Class A AMP1014AU Yes Yes 11.78% AMP Capital Balanced Growth Trust Class A Units AMP0441AU Yes Yes % AMP Capital China 2 AMP1009AU No Yes n/a AMP Capital Conservative Class A AMP0443AU Yes Yes -4.31% AMP Capital Core Infrastructure Class A AMP1179AU Yes Yes n/a AMP Capital Core Plus Strategies AMP0279AU No Yes 2.55% AMP Capital Enhanced Yield Class A AMP0685AU Yes Yes 6.37% AMP Capital Equity Class A Units AMP0370AU Yes Yes -9.65% AMP Capital Global Growth Opport Class A AMP0369AU No Yes % AMP Capital Global Property Securities Class A AMP0974AU Yes Yes % AMP Capital Global Technology Class A AMP0365AU No Yes % AMP Capital Intl Bond Class A Units AMP0254AU Yes Yes -1.25% AMP Capital Listed Property Ord Class AMP0269AU No Yes % AMP Capital Listed Property Trusts Class A AMP0255AU Yes Yes % AMP Capital Res Inv Lead Intl Sh-Class A AMP0455AU Yes Yes % AMP Capital Small Companies Class A AMP0446AU Yes Yes % AMP Capital Structured High Yield Ord Class WID2 No Yes 12.11% AMP Capital Sustainable Future Aust Share Class A AMP0449AU Yes Yes % AMP Capital Wholesale Australian Share Class A AMP0258AU Yes Yes % AMP Core Property (Class A) AMP1015AU Yes Yes -9.97% 4

7 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) n/a n/a n/a n/a n/a -1.00% p.a. 8.00% n/a n/a n/a n/a 10.02% p.a. n/a n/a n/a n/a n/a 5.78% p.a. n/a n/a n/a n/a n/a n/a 12.00% 12.00% n/a n/a n/a 12.00% p.a % 27.83% 15.23% n/a n/a 13.33% p.a. 3.61% 3.38% 7.14% 2.60% 4.37% p.a. 4.96% p.a % 22.68% 28.31% 20.81% 16.41% p.a % p.a. n/a n/a n/a n/a n/a n/a 32.78% 23.50% 32.38% 47.01% 20.54% p.a % p.a. 6.26% 5.94% 6.07% 5.68% 5.14% p.a. 5.13% p.a % 20.50% 11.67% n/a n/a 13.72% p.a % 23.86% 21.74% n/a n/a 17.86% p.a % 21.79% 23.29% 12.14% 9.85% p.a % p.a % 34.13% 9.49% 18.08% 12.16% p.a. 5.71% p.a. n/a n/a n/a n/a n/a 1.33% p.a % n/a n/a n/a n/a 9.50% p.a % n/a n/a n/a n/a 9.60% p.a. 9.42% n/a n/a n/a n/a % p.a % 30.57% 22.96% 35.09% 22.26% p.a % p.a % 30.51% n/a n/a n/a 10.56% p.a % 26.38% 41.50% 41.50% 19.28% p.a % p.a % 16.22% 27.08% 36.44% 16.51% p.a % p.a % n/a n/a n/a n/a 9.60% p.a. 7.53% n/a n/a n/a n/a 0.63% p.a % 16.89% 20.60% 21.87% 13.28% p.a % p.a % 17.67% 3.65% 14.72% 5.44% p.a % p.a % 12.68% -0.44% 24.07% 3.37% p.a. 0.39% p.a % 16.13% 23.09% 24.51% 14.23% p.a % p.a % 20.41% n/a n/a n/a 9.58% p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 16.07% n/a n/a n/a n/a 13.71% p.a. 9.63% 10.13% n/a n/a n/a 10.54% p.a % 18.23% 15.36% 16.22% 10.36% p.a. 8.92% p.a. n/a n/a n/a n/a n/a -0.07% p.a % 10.01% 10.59% 9.35% 7.01% p.a. 6.01% p.a. n/a n/a n/a n/a n/a -1.40% p.a. 3.87% 3.78% 7.57% 3.31% 4.20% p.a. 7.18% p.a. 8.86% 7.92% 7.51% 11.29% 8.38% p.a. 8.62% p.a % 27.94% 27.83% 21.23% 17.03% p.a % p.a. 7.34% 25.14% -1.69% 14.16% 5.87% p.a % p.a % 24.56% n/a n/a n/a 8.82% p.a. 5.33% 5.96% -8.32% 16.52% -0.95% p.a % p.a. 5.63% 1.86% 10.75% 3.18% 3.96% p.a. 5.64% p.a % 18.76% 18.90% 17.59% 5.87% p.a. 9.75% p.a % 18.20% 18.31% 16.96% 5.33% p.a. 8.47% p.a. 9.44% 23.14% -1.00% 16.45% 4.32% p.a % p.a % 30.30% 41.35% 35.71% 26.78% p.a % p.a % 10.01% 9.13% 12.17% 10.68% p.a. 8.60% p.a % 30.96% 24.30% 23.25% 16.43% p.a % p.a % 26.54% 27.10% 21.01% 16.59% p.a % p.a % n/a n/a n/a n/a 8.64% p.a. 5

8 Investment returns to 30 June 2008 continued 6 Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 AMP Responsible Investment Leaders Balanced Class A AMP0452AU Yes Yes % Anatres Lodestar Absolute Return Trust Australian Shares ANT0001AU No Yes -0.47% ANZ Cash Plus ANZ0150AU No Yes 4.44% APN Property for Income APN0003AU Yes Yes % APN Direct Property APN0005AU Yes Yes 3.64% APN Diversified Property APN0006AU Yes Yes -4.52% APN National Storage Property Trust APN0002AU No Yes n/a APN Property For Income APN0001AU Yes Yes % APN Property for Income No 2 APN0004AU Yes Yes % Arrowstreet Emerging Markets MAQ0477AU Yes Yes n/a Arrowstreet Global Equity MAQ0464AU Yes Yes % Arrowstreet Global Equity (Hedged) MAQ0079AU Yes Yes % ArteFact Partners Global L/S Equity Fd 1 PER0362AU No Yes -3.23% Artefact Partners Global L/S Equity Fd 2 PER0363AU No Yes -3.23% ArteFact Partners Global L/S Equity Fd 3 PER0396AU No Yes -3.23% ArteFact Partners Global L/S Equity Fd 4 PER0435AU No Yes -3.23% Augustus Absolute Return (AU) AFM0002AU No Yes 7.31% Ausbil Aust Geared Equity AAP0002AU Yes Yes % Ausbil Inv Trust Aust Active Equity AAP0103AU Yes Yes % Ausbil Inv Trust Aust Emerging Leaders AAP0104AU Yes Yes % Aust Unity W/s High Yield Mortgage Trst AUS0005AU Yes Yes 7.92% Australian Ethical Equities Trust AUG0002AU Yes Yes % Australian Ethical Large Companies Share AUG0004AU Yes Yes % Australian Unity Intech High Opportunities Trust AUS0007AU No Yes % Australian Unity Platypus Aust Eq Wsale AUS0030AU Yes Yes % Australian Unity Prop Sec Fd Ord Units GEM0111AU No Yes % Australian Unity Wh Defined Income Trust SBC0006AU No Yes 6.23% Australian Unity Wsale Mortgage Income AUS0116AU Yes Yes 7.07% Australian Unity Wsale Property Income YOC0100AU Yes Yes -0.37% AXA Australian Income NML0010AU No Yes 6.25% AXA Wholesale Global Equity Core NMF0002AU Yes Yes % AXA Wsale Aust Equity Industrial NML0143AU Yes Yes % AXA Wsale Aust. Monthly Income NML0316AU Yes Yes 7.62% AXA Wsale Australian Equity Value NML0061AU Yes Yes % AXA Wsale Australian Income NML0257AU No Yes 6.67% AXA Wsale Australian Property NML0001AU Yes Yes -0.78% AXA Wsale Global Equity Growth NML0318AU Yes Yes % AXA Wsale Global Equity Value NML0348AU Yes Yes % Basis Aust-Rim Diversified BCF0100AU No Yes % Basis Yield BCF0001AU No Yes n/a Becton Diversified Property BEC0001AU Yes Yes 7.45% BGI Australian Equity Index BGL0034AU Yes Yes % BGI Australian Fixed Interest Index BGL0105AU Yes Yes 4.16% BGI Australian Share BAR0814AU Yes Yes % BGI Diversified Growth BAR0813AU Yes Yes % BGI Diversified Stable BAR0811AU Yes Yes -2.43% BGI Global Markets BGL0045AU No Yes 3.34% BGI Share BAR0817AU Yes Yes % BGI Intl Equity Index BGL0106AU Yes Yes % BGI Intl Fixed Interest Index BGL0107AU No Yes n/a BGI Property Securities Index BGL0108AU Yes Yes % BGI Hedged Share BGL0109AU Yes Yes % BlackRock Asset Alloc Alpha Class D MAL0030AU No Yes 33.70% BlackRock Aust Quant Strat Fd Cl D MAL0013AU Yes Yes % BlackRock Combined Prop Income Class D Units MAL0008AU Yes Yes % BlackRock Diversified Credit MAL0011AU No Yes -2.33% BlackRock Global Allocation MAL0018AU Yes Yes 2.82% BlackRock Global Small Cap Class D MAL0133AU Yes Yes % BlackRock Global Titans Class D MAL0134AU Yes Yes % BlackRock Hedged Global Small Cap Class D MAL0135AU Yes Yes -4.22% BlackRock Hedged Global Titans Class D MAL0136AU Yes Yes -3.55% Blackrock Long-Short Active Capital MAL0035AU Yes Yes n/a BlackRock Monthly Income Class D MAL0012AU Yes Yes -7.01%

9 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 17.32% n/a n/a n/a n/a 6.38% p.a. n/a n/a n/a n/a n/a 3.92% p.a. 6.38% 5.82% 5.82% 5.57% 5.60% p.a. 5.57% p.a % 10.59% n/a n/a n/a 8.64% p.a % n/a n/a n/a n/a 11.30% p.a % n/a n/a n/a n/a 7.70% p.a. n/a n/a n/a n/a n/a *15.32% 27.58% 18.83% 23.56% 12.68% 8.43% p.a % p.a % 16.46% n/a n/a n/a -3.56% p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % p.a % 16.10% 0.70% 17.30% 5.30% p.a. 3.60% p.a. 3.44% 0.30% n/a n/a n/a n/a 3.44% 0.30% n/a n/a n/a n/a 3.44% 0.30% n/a n/a n/a n/a 3.44% 0.30% n/a n/a n/a n/a 7.43% 4.23% 9.89% n/a n/a 7.08% p.a. n/a n/a n/a n/a n/a n/a 24.82% 30.22% 34.06% 28.79% 20.27% p.a % p.a % 32.77% 37.93% 39.93% 23.54% p.a % p.a. 7.92% 8.25% n/a n/a n/a 8.08% p.a % 14.20% 21.30% 14.30% 13.10% p.a % p.a % 16.00% 23.60% 20.60% 10.20% p.a. 9.60% p.a. 7.03% n/a n/a n/a n/a -2.61% p.a % n/a n/a n/a n/a 8.75% p.a % 15.55% 16.14% 15.44% 3.89% p.a. 8.15% p.a. 4.99% 4.53% 6.09% 3.02% 4.96% p.a. 5.83% p.a. 6.61% 6.01% 6.06% 6.03% 6.35% p.a. 6.32% p.a % 12.49% 11.69% 13.09% 10.53% p.a. 9.41% p.a. 5.45% 4.74% 4.87% 4.54% 5.17% p.a. 7.59% p.a. 7.94% 22.25% n/a n/a n/a 4.36% p.a % 18.42% 25.25% 17.62% 11.58% p.a. 8.91% p.a. 6.72% 6.23% 6.13% 5.92% 6.52% p.a. 6.32% p.a % 25.87% 32.42% 24.31% 15.62% p.a % p.a. 5.87% 5.16% 5.29% 4.94% 5.58% p.a. 5.52% p.a % 14.58% 14.12% 13.67% 11.67% p.a % p.a. 4.63% 22.68% 0.88% 12.67% 2.77% p.a % p.a % 26.32% 7.47% 19.78% 6.05% p.a. 1.58% p.a % 16.58% 12.18% 5.08% % p.a. n/a n/a 18.67% 12.55% 9.10% n/a n/a 18.25% n/a n/a n/a n/a 11.12% p.a % 23.61% 25.68% 21.34% 15.83% p.a % p.a. 3.76% 3.22% 7.60% 2.09% 4.15% p.a. 4.66% p.a % 27.00% 26.24% 20.36% 16.28% p.a % p.a % 17.24% 14.45% 15.52% 9.82% p.a % p.a. 9.48% 9.34% 10.09% 8.28% 6.84% p.a. 7.82% p.a % 5.94% 11.66% n/a n/a 9.63% p.a. 7.69% 20.96% 2.57% 19.48% 4.06% p.a. 5.41% p.a. 7.33% 19.85% -0.14% 19.26% 3.81% p.a. 0.99% p.a. 4.83% 0.83% 11.89% 3.13% n/a 6.29% p.a % 17.52% 18.61% 17.07% 5.24% p.a % p.a % 18.28% 15.69% 24.14% 11.82% p.a % p.a. 3.69% n/a n/a n/a n/a 16.78% p.a % 21.86% n/a n/a n/a 13.23% p.a % 17.58% 17.47% n/a n/a 11.70% p.a. 7.05% 6.25% n/a n/a n/a 3.97% p.a % n/a n/a n/a n/a 11.24% p.a. 3.63% 26.22% 1.94% 34.47% 9.87% p.a. 0.06% p.a. 5.31% 19.32% 0.24% 14.88% 5.30% p.a % p.a % 23.91% 14.99% 40.18% 18.07% p.a. 8.92% p.a % 16.62% 12.93% 19.25% 13.01% p.a. 6.14% p.a. n/a n/a n/a n/a n/a n/a 8.82% 6.91% n/a n/a n/a 3.71% p.a. 7

10 Investment returns to 30 June 2008 continued Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 BlackRock Property Securities Class D MAL0151AU Yes Yes % BlackRock Wholesale Balanced PWA0822AU Yes Yes -5.34% BlackRock Wsale Aust Share PWA0823AU Yes Yes -7.26% BlackRock Wsale Intl Share PWA0824AU Yes Yes % BlackRock Wsale Managed Income PWA0821AU Yes Yes -4.60% BT Global Return RFA0028AU No Yes 1.38% BT Institutional Enhanced Cash WFS0377AU No Yes 4.44% BT Institutional Managed Cash WFS0245AU No Yes 7.19% BT Wholesale Asian Share BTA0054AU Yes Yes % BT Wholesale Property Securities BTA0061AU Yes Yes % BT Wholesale Technology BTA0158AU No Yes % BT Wsale Active Balanced RFA0815AU Yes Yes % BT Wsale Australian Share BTA0055AU Yes Yes % BT Wsale Australian Small Company BTA0240AU No Yes % BT Wsale Balanced Returns BTA0806AU Yes Yes -9.91% BT Wsale Conservative Outlook BTA0805AU Yes Yes -3.49% BT Wsale Core Australian Share RFA0818AU Yes Yes % BT Wsale Core Global Share RFA0821AU Yes Yes % BT Wsale Ethical Share RFA0025AU Yes Yes % BT Wsale European Share BTA0124AU Yes Yes % BT Wsale Fixed Interest RFA0813AU Yes Yes 3.80% BT Wsale Future Goals BTA0125AU Yes Yes % BT Wsale Imputation RFA0103AU Yes Yes % BT Wsale Intl Share BTA0056AU Yes Yes % BT Wsale Property Investment RFA0817AU Yes Yes % BT Wsale Smaller Companies RFA0819AU Yes Yes % BT Wsale Tax Effective Income RFA0102AU Yes Yes -9.21% BT Wsale Value Global Share RFA0109AU No Yes % Centro Dir Property MCS0001AU Yes Yes % Centro Direct Property MCS0011AU Yes Yes -9.60% CFS 452 Wsale Aust. Share FSF0079AU Yes Yes % CFS Acadian Global Equity FSF0710AU Yes Yes % CFS B&M CML0002AU No Yes 5.76% CFS Colliers Property Securities FSF0454AU Yes Yes % CFS Global Resources Long Short FSF0698AU No Yes 14.77% CFS Wholesale Index Property Securities CMI0105AU Yes Yes % CFS Wsale Global Health & Biotech FSF0146AU No Yes % CFS Wsale Aust Bond FSF0027AU Yes Yes 4.03% CFS Wsale Aust. Corporate Debt FSF0149AU Yes Yes 1.30% CFS Wsale Australian Share FSF0002AU Yes Yes % CFS Wsale Australian Share Core CFM0404AU Yes Yes -8.02% CFS Wsale Balanced FSF0040AU Yes Yes -8.08% CFS Wsale Conservative FSF0033AU Yes Yes -2.43% CFS Wsale Diversified FSF0008AU Yes Yes % CFS Wsale Fixed Interest Strategies FSF0175AU No Yes n/a CFS Wsale Geared Global Share FSF0170AU Yes Yes % CFS Wsale Geared Share FSF0043AU Yes Yes % CFS Wsale Global Credit Income FSF0084AU Yes Yes 1.91% CFS Wsale Global Diversified Strategies FSF0176AU No Yes n/a CFS Wsale Global Resources FSF0038AU Yes Yes 20.87% CFS Wsale Global Share FSF0047AU Yes Yes % CFS Wsale Global Tech & Comms FSF0143AU No Yes % CFS Wsale High Growth FSF0498AU Yes Yes % CFS Wsale Imputation FSF0003AU Yes Yes % CFS Wsale Income FSF0139AU Yes Yes 5.26% CFS Wsale PM Capital Aust Sh FSF0455AU Yes Yes % CFS Wsale Premium Cash COM0024AU No Yes 7.03% CFS Wsale Property Securities FSF0004AU Yes Yes % CFS Wsale Small Companies Core CMI0111AU Yes Yes % Challenger Global Infrastructure HOW0031AU No Yes 7.14% Challenger Howard Wsale Mortgage HOW0005AU Yes Yes 7.31% Challenger Select Aust Sh Wsale HOW0026AU Yes Yes % Challenger Wsale Asian Share HBC0010AU Yes Yes % 8

11 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 23.72% 18.32% 18.59% 15.03% 4.13% p.a. 5.55% p.a % 18.74% 13.77% 15.42% 11.39% p.a. 8.86% p.a % 29.17% 28.16% 20.88% 18.51% p.a % p.a. 8.58% 16.89% 0.96% 15.25% 5.86% p.a. 6.29% p.a % 8.54% 10.47% 9.21% 7.15% p.a. 7.16% p.a % 7.74% 8.02% 8.58% 7.86% p.a. 7.40% p.a. 6.25% 5.88% 5.83% 5.60% 5.60% p.a. 5.40% p.a. 6.23% 5.59% 5.41% 5.02% 5.43% p.a. 7.88% p.a % 26.51% 17.70% 27.35% 14.61% p.a. 2.68% p.a % 17.94% 16.95% 16.71% 6.29% p.a. 8.12% p.a % 9.23% % 11.87% 1.54% p.a % p.a % 18.03% 14.90% 18.09% 10.19% p.a. 8.45% p.a % 27.41% 28.39% 24.82% 18.30% p.a % p.a % 28.02% 44.23% 42.69% 24.87% p.a % p.a % 16.48% 13.59% 14.54% 9.22% p.a. 7.91% p.a. 9.02% 9.48% 10.38% 8.20% 6.59% p.a. 8.83% p.a % 27.33% 28.09% 25.70% 18.16% p.a % p.a. 6.38% 19.50% 2.28% 16.30% 1.88% p.a. 3.61% p.a % 28.83% 30.56% 28.79% 20.36% p.a % p.a % 26.63% 8.29% 19.65% 8.76% p.a. 1.65% p.a. 3.68% 3.42% 6.69% 2.14% 3.93% p.a. 6.76% p.a % 20.85% 15.98% 18.56% 10.68% p.a. 5.09% p.a % 29.33% 29.74% 27.57% 20.36% p.a % p.a. 6.06% 20.00% 2.00% 16.74% 1.85% p.a. 2.88% p.a % 17.14% 16.54% 16.71% 6.10% p.a. 9.62% p.a % 27.47% 42.43% 44.36% 24.89% p.a % p.a % 17.50% 18.29% 16.28% 12.05% p.a % p.a % 18.80% 3.42% 18.83% 4.10% p.a % p.a % n/a n/a n/a n/a 0.18% p.a % 18.24% 21.16% 9.96% 10.67% p.a % p.a % 15.92% 21.62% 27.16% n/a 12.76% p.a % 27.96% n/a n/a n/a 3.05% p.a. 5.23% 5.15% 5.18% 5.75% 5.41% p.a. 5.33% p.a % 24.64% 48.03% n/a n/a 17.03% p.a % n/a n/a n/a n/a 18.20% p.a % 17.68% 17.83% 16.99% 5.24% p.a. 7.58% p.a. 0.25% 18.43% -3.39% 10.06% 0.99% p.a % p.a. 3.22% 3.27% 7.71% 2.92% 4.21% p.a. 6.50% p.a. 4.29% 3.90% 7.44% 4.00% 4.17% p.a. 5.42% p.a % 23.78% 28.91% 16.96% 14.02% p.a % p.a % 27.85% 28.24% 20.68% 18.45% p.a % p.a % 12.79% 10.93% 8.61% 6.59% p.a. 7.34% p.a. 9.29% 10.61% 9.48% 8.07% 6.89% p.a. 7.49% p.a % 15.72% 12.89% 11.95% 7.31% p.a. 8.36% p.a. 7.14% 6.78% 5.72% 9.71% n/a n/a 10.94% 23.48% -3.64% 15.47% 1.69% p.a % p.a % 55.81% 62.47% 38.53% 27.04% p.a % p.a. 6.76% 6.47% 6.28% 7.04% 5.67% p.a. 5.74% p.a % 10.76% 6.37% 11.20% n/a n/a 24.59% 59.43% 21.57% 40.29% 32.57% p.a % p.a. 9.70% 17.97% -0.31% 12.20% 3.69% p.a. 3.18% p.a % 13.14% -3.82% 18.02% 3.03% p.a % p.a % 23.09% 12.45% 18.32% 9.45% p.a. 6.58% p.a % 24.96% 27.66% 15.77% 13.73% p.a % p.a. 6.73% 6.07% 5.87% 5.60% 5.90% p.a. 5.96% p.a % 28.36% 17.33% n/a n/a 7.81% p.a. 6.04% 5.38% 5.21% 4.87% 5.70% p.a. 5.63% p.a % 22.71% 23.07% 12.83% 3.41% p.a. 8.64% p.a % 36.61% 41.82% 43.60% 15.92% p.a % p.a % n/a n/a n/a n/a 12.32% p.a. 6.78% 6.34% 6.34% 5.98% 6.55% p.a. 6.38% p.a % 25.96% n/a n/a n/a 8.63% p.a % 27.21% 15.53% 24.65% 14.71% p.a. 3.05% p.a. 9

12 Investment returns to 30 June 2008 continued 10 Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 Challenger Wsale Aust. Share Income HBC0011AU Yes Yes % Challenger Wsale Australian Share PAM0001AU Yes Yes % Challenger Wsale High Yield fund HOW0141AU Yes Yes % Challenger Wsale Hybrid Property HBC0013AU Yes Yes % Challenger Wsale Microcap HOW0027AU Yes Yes % Challenger Wsale MTM Intl Share HBC0012AU No Yes -9.57% Challenger Wsale Property Securities HBC0008AU Yes Yes % Challenger Wsale Smaller Companies HOW0016AU Yes Yes % Challenger Wsale Social Respon Sh HOW0121AU Yes Yes % Charter Hall Diversified Property CHF0001AU Yes Yes 29.60% Chifley Investment Australian Equities CFS0003AU Yes Yes % Chifley Investment Australian Fixed Income CFS0005AU Yes Yes 5.15% Chifley Investment Equities CFS0008AU Yes Yes % Chifley Investment Fixed Income CFS0010AU Yes Yes 5.30% Concord Australian Equity MAQ0424AU Yes Yes % Credit Suisse Aust Smaller Comp CSA0131AU Yes Yes % Credit Suisse Aust. Fixed Interest CRS0004AU Yes Yes 1.29% Credit Suisse Australian Shares CRS0003AU Yes Yes % Credit Suisse Capital Growth CRS0002AU Yes Yes % Credit Suisse Capital Stable CRS0001AU Yes Yes -4.90% Credit Suisse Cash CRS0009AU Yes Yes 6.60% Credit Suisse Fully Hdgd Int'l Shares CSA0135AU Yes Yes % Credit Suisse Global Income CSA0038AU Yes Yes -2.84% Credit Suisse Global Private Equity CSA0042AU No Yes -3.84% Credit Suisse Intl Fixed Interest CRS0006AU Yes Yes 8.46% Credit Suisse Intl Share CRS0005AU Yes Yes % Credit Suisse Property CRS0007AU Yes Yes % Credit Suisse Syndicated Loan CSA0046AU Yes Yes 0.83% Credit Suisse Unhedged Int'l Shares CSA0136AU Yes Yes % Credit Suisse/Tremont Strat Index CSA0065AU No Yes -0.96% Cromwell Property CRM0004AU No Yes 5.50% CSL Active Commodities MAQ0445AU No Yes 48.70% Custom Choice Ws Boutique Aus Sh Pfolio HOW0019AU Yes Yes % Custom Choice Ws Inter Share Pfolio HOW0029AU No Yes % Custom Choice Wsale Aust Share Portfolio HBC0113AU No Yes % DDH Australian Equities DDH0003AU Yes Yes % DDH Global Fixed Interest Alpha DDH0007AU No Yes 8.34% Deutsche Income MGL0007AU No Yes n/a 5-Yr Diversified Fixed Interest AUD Class Units DFA0108AU Yes Yes 7.31% 5-Yr Diversified Fixed Interest NZD Class Units DFA0001AU No Yes -4.60% Dimensional Aust Large Company Trust DFA0103AU Yes Yes % Dimensional Aust Small Company Trust DFA0104AU Yes Yes % Dimensional Australian Core Equity Trust DFA0003AU Yes Yes % Dimensional Australian Value Trust DFA0101AU Yes Yes % Dimensional Emerging Markets Trust DFA0107AU Yes Yes % Dimensional Global Core Equity Trust DFA0004AU Yes Yes % Dimensional Global Large Company Trust DFA0105AU Yes Yes % Dimensional Global Real Estate Trust DFA0005AU Yes Yes n/a Dimensional Global Small Company Trust DFA0106AU Yes Yes % Dimensional Global Value Trust DFA0102AU Yes Yes % Dimensional Short Term Fixed Int Trust DFA0100AU Yes Yes 7.18% Dimensional Two-Year Div Fixed Int Trust DFA0002AU Yes Yes 7.24% Diversified Investment Strategy No.2 IPA0115AU No Yes % Diversified Investment Strategy No.3 IPA0116AU No Yes % Diversified Investment Strategy No.4 IPA0124AU No Yes % Diversified Investment Strategy No.5 IPA0055AU No Yes % Donaldson Burston THS Partners Global Equity ETL0096AU Yes Yes % DWS Global Equity Agribusiness MGL0019AU Yes Yes 3.06% DWS Global Equity Thematic Fully Hedged MGL0018AU Yes Yes % DWS Global Equity Thematic MGL0004AU Yes Yes % DWS Strategic Value DEU0109AU No Yes 4.88% EII Global Property MAQ0463AU Yes Yes % Eley Griffiths Group Small Companies EGG0001AU Yes Yes %

13 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 21.61% n/a n/a n/a n/a 3.29% p.a % 26.29% 28.01% 19.05% 13.99% p.a % p.a. 7.92% 6.97% 10.89% 10.01% 4.58% p.a. 5.41% p.a % 12.63% 11.39% 10.96% 8.12% p.a % p.a % 28.56% n/a n/a n/a 10.74% p.a % n/a n/a n/a n/a 7.63% p.a % 18.63% 17.54% 16.10% 4.84% p.a. 9.42% p.a % 11.05% 17.35% 53.06% 20.97% p.a % p.a % 19.19% 26.65% 13.44% 10.02% p.a. 8.67% p.a % n/a n/a n/a n/a 18.90% p.a % 22.14% 26.01% 21.17% 14.54% p.a % p.a. 3.28% 3.33% 6.17% n/a n/a 4.74% p.a. 9.01% 22.18% 7.21% 20.64% 7.17% p.a. 5.84% p.a. 6.10% 1.01% 11.09% n/a n/a 5.62% p.a % 23.93% 26.35% n/a n/a 10.60% p.a % 20.93% 27.43% 63.10% 19.92% p.a % p.a. 3.80% 3.95% 7.97% 3.24% 4.03% p.a. 6.84% p.a % 24.64% 23.54% 14.94% 14.03% p.a % p.a % 17.48% 11.22% 13.45% 8.37% p.a. 8.09% p.a. 9.80% 10.55% 8.89% 8.72% 6.44% p.a. 6.70% p.a. 6.11% 5.73% 5.53% 5.32% 5.86% p.a. 5.64% p.a % 20.87% 10.41% 21.27% 11.39% p.a. 3.10% p.a. 7.31% 8.08% 8.02% n/a n/a 5.43% p.a % n/a n/a n/a n/a % p.a. 4.54% 0.47% 11.95% 2.72% 5.55% p.a. 7.55% p.a. 4.62% 22.54% -2.58% 20.58% 4.20% p.a. 8.40% p.a % 15.35% 19.36% 18.14% 4.99% p.a. 9.15% p.a. 9.39% 8.06% n/a n/a n/a 7.10% p.a. 4.21% 22.16% -2.55% 18.38% 3.62% p.a % p.a. n/a n/a n/a n/a n/a -1.36% p.a. 8.58% n/a n/a n/a n/a 6.54% p.a. 1.90% n/a n/a n/a n/a 21.60% p.a % 20.00% 25.15% n/a n/a 14.04% p.a % n/a n/a n/a n/a 7.11% p.a % n/a n/a n/a n/a 9.81% p.a. n/a n/a n/a n/a n/a -0.04% p.a. n/a n/a n/a n/a n/a 10.68% p.a. n/a n/a n/a n/a n/a n/a 6.03% 1.98% 9.91% 3.43% 5.69% p.a. 6.64% p.a % -7.03% 11.50% n/a n/a 4.50% p.a % 23.70% 24.93% 21.03% 15.72% p.a % p.a % 23.94% 23.70% 33.53% 21.09% p.a % p.a. n/a n/a n/a n/a n/a 4.78% p.a % 20.83% 25.28% 33.16% 17.92% p.a % p.a % 31.42% 22.24% 26.28% 18.44% p.a. 7.58% p.a. n/a n/a n/a n/a n/a % p.a. 7.69% 20.15% -0.89% 19.83% 3.91% p.a % p.a. n/a n/a n/a n/a n/a % p.a. 7.24% 24.22% 3.71% 34.63% 6.36% p.a. 2.25% p.a % 25.87% 5.58% 30.03% 6.87% p.a. 3.07% p.a. 6.22% 5.42% 5.53% 4.86% 5.84% p.a. 5.48% p.a. 5.84% n/a n/a n/a n/a 6.12% p.a % 16.54% 14.65% 15.45% 9.70% p.a. 5.41% p.a % 18.03% 14.89% 17.59% 10.10% p.a. 4.26% p.a % 20.78% 15.02% 20.28% 10.65% p.a. 4.36% p.a % n/a n/a n/a n/a 5.77% p.a % n/a n/a n/a n/a % p.a. n/a n/a n/a n/a n/a 13.68% p.a. n/a n/a n/a n/a n/a -2.47% p.a % 37.84% 8.80% 18.15% 9.31% p.a. 8.95% p.a % 15.56% 8.34% 9.45% 10.55% p.a. 9.34% p.a % n/a n/a n/a n/a -4.90% p.a % 29.86% 35.71% n/a n/a 20.61% p.a. 11

14 12 Investment returns to 30 June 2008 continued Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 Emerging Resources Company Share WPC0013AU Yes Yes 23.98% EQT Intrinsic Value MMC0110AU Yes Yes % EQT Intrinsic Value Sharemarkets Plus ETL0057AU Yes Yes % EQT PIMCO Wholesale Global Bond ETL0018AU Yes Yes 7.90% EQT PIMCO Wsale Divers Fixed Int ETL0016AU Yes Yes 4.67% EQT SGH LaSalle Global Property Securities ETL0005AU Yes Yes % EQT Sgh Wsale Absolute Return Trust ETL0030AU No Yes -2.23% EQT Wholesale High Income ETL0120AU No Yes -7.05% EQT Wsale Small Companies ETL0118AU No Yes % Fidelity America FID0009AU Yes Yes % Fidelity Australian Equities FID0008AU Yes Yes -9.76% Fidelity China FID0011AU Yes Yes -9.23% Fidelity Global Equities FID0007AU Yes Yes % Fidelity India FID0015AU Yes Yes % Fidelity Japan FID0004AU Yes Yes % Fortis Australian Equity ARO0011AU Yes Yes % Fortis Concentrated Aust Equity ARO0015AU Yes Yes % Fortis Global Equity ARO0006AU Yes Yes % Fortis High Income Global Property Securities ARO0014AU Yes Yes % GMO Australian Equity Trust GMO0100AU Yes Yes % GMO Australian Small Companies Trust GMO0101AU Yes Yes % GMO Emerging Markets Trust GMO0102AU Yes Yes % GMO Global Equity Trust GMO0103AU Yes Yes % GMO Hedged Global Equity Trust GMO0004AU Yes Yes % Goldman Sachs JB Were Aust Infra JBW0030AU Yes Yes % Goldman Sachs JB Were Global Spectrum Fd JBW0034AU No Yes % Goldman Sachs JB Were Multi Strategy IDPS JBW0026AU No Yes -8.49% Goldman Sachs JBWere Aust Equities WSale JBW0009AU Yes Yes -8.58% Goldman Sachs JBWere Diversified Growth Wsale Fd JBW0017AU Yes Yes % Goldman Sachs JBWere Emerging Leaders Fd JBW0007AU No Yes % Goldman Sachs JBWere Emerging Leaders Wsale JBW0010AU Yes Yes % Goldman Sachs JBWere Enhanced Income Wsale Fd JBW0018AU Yes Yes -8.13% Goldman Sachs JBWere Glb Alpha JBW0025AU No Yes % Goldman Sachs JBWere Glob Health & Biotech Wsale JBW0111AU Yes Yes % Goldman Sachs JBWere Global Flex JBW0027AU Yes Yes % Goldman Sachs JBWere Global Small Co Wsale JBW0103AU Yes Yes % Goldman Sachs JBWere Global Technology Wsale Fd JBW0112AU No Yes n/a Goldman Sachs JBWere Hedged Global Flex JBW0028AU Yes Yes % Goldman Sachs JBWere Hedged Global Small Co Wsale JBW0020AU No Yes n/a Goldman Sachs JBWere Hedged Int Wsale JBW0021AU Yes Yes -3.82% Goldman Sachs JBWere Income Plus Wsale JBW0016AU Yes Yes -2.07% Goldman Sachs JBWere Intl Wsale JBW0014AU Yes Yes % Goldman Sachs JBWere Leaders JBW0011AU No Yes -8.20% Goldman Sachs JBWere Prop Securities WSale Fd JBW0108AU Yes Yes % Great Southern Rural Opportunities RFM0103AU Yes Yes 10.98% GSJBW Core Plus Australian Fixed Income Ord JBW0038AU Yes Yes n/a GVI Global Industrial Share TGP0004AU Yes Yes -8.09% HFA Accelerator Plus Limited HFL0003AU No Yes n/a HFA Australia Shares Wholesale HFL0002AU No Yes n/a HFA Diversified Inv (WSale Hedged Units) HFL0104AU Yes Yes -0.15% HFA Equities HFL0101AU No Yes n/a HFA Shares HFL0108AU No Yes -1.12% HFA Partners HFL0007AU No Yes -5.20% Hunter Hall Global Ethical Trust HHA0002AU Yes Yes % Hunter Hall Value Growth Trust HOW0002AU Yes Yes % Hyperion Australian Growth Companies BNT0003AU Yes Yes % Hyperion Small Growth Companies BNT0101AU Yes Yes % Income-Plus BEG0001AU Yes Yes -0.22% ING Blue Chip Imputation Trust MMF0012AU No Yes % ING Diversified High Yield Trust Wsale Units MMF0708AU Yes Yes -2.52% ING Enhanced Cash MMF0341AU Yes Yes 2.94% ING Resource Opportunities Trust MMF0064AU No Yes 14.68% ING Tax Effective Income Trust AJF0003AU Yes Yes %

15 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 52.26% -3.08% n/a n/a n/a 25.48% p.a % n/a n/a n/a 12.80% p.a % p.a % n/a n/a n/a n/a 3.05% p.a. 3.85% 1.91% 11.78% 4.90% 6.01% p.a. 7.05% p.a. 3.04% 2.17% 9.68% 3.83% 4.64% p.a. 5.93% p.a % 26.37% 33.51% n/a n/a 13.67% p.a % 31.19% 22.75% 24.54% 18.56% p.a % p.a. 9.28% 8.68% 9.01% 9.94% 5.76% p.a. 6.23% p.a % 19.27% 10.82% 42.79% 11.31% p.a % p.a % n/a n/a n/a n/a -5.01% p.a % 35.27% 33.81% 22.11% 21.03% p.a % p.a % n/a n/a n/a n/a 29.74% p.a. 9.32% 18.48% 7.02% 19.16% 7.62% p.a. 2.46% p.a % n/a n/a n/a n/a 9.11% p.a % 41.45% % 38.78% 0.96% p.a. 1.44% p.a % 26.69% 33.27% 21.91% 16.80% p.a % p.a % n/a n/a n/a n/a 3.89% p.a. 2.02% 16.53% -0.10% 12.48% 1.90% p.a. 1.37% p.a % 15.17% n/a n/a n/a 5.59% p.a % 24.87% 26.67% 18.85% 15.09% p.a % p.a % 25.46% 29.25% 29.23% 17.52% p.a % p.a % 40.51% 29.14% 32.68% 21.96% p.a % p.a. 7.59% 19.76% 3.23% 22.14% 4.67% p.a. 6.78% p.a % n/a n/a n/a n/a 5.04% p.a % n/a n/a n/a n/a 6.39% p.a. n/a n/a n/a n/a n/a % p.a % n/a n/a n/a n/a 5.97% p.a % 21.57% 31.07% 20.35% 16.72% p.a % p.a % 16.93% 14.50% 17.23% 9.39% p.a. 7.12% p.a % 13.80% 37.51% 27.11% 17.35% p.a % p.a % 12.12% 35.93% 25.79% 15.86% p.a % p.a. 6.95% 6.54% 7.89% 6.93% 3.85% p.a. 3.85% p.a % 29.20% n/a n/a n/a -1.70% p.a % 17.02% -4.25% 12.99% 0.60% p.a % p.a. 5.79% n/a n/a n/a n/a -2.61% 6.29% 24.74% 6.05% 31.98% 6.55% p.a. 4.82% p.a. n/a n/a n/a n/a n/a n/a 20.82% n/a n/a n/a n/a 4.02% p.a. n/a n/a n/a n/a n/a n/a 19.52% 16.78% 11.09% n/a n/a 12.25% p.a. 8.86% 7.98% 8.56% 10.65% 6.29% p.a. 6.29% p.a. 5.61% 19.80% -1.45% 22.45% 5.28% p.a. 3.05% p.a % 22.92% 29.31% 18.64% 16.33% p.a % p.a % 19.47% 20.30% 16.56% 4.06% p.a. 9.04% p.a. 9.79% 7.79% 5.75% 9.87% 9.27% p.a. 6.90% p.a. n/a n/a n/a n/a n/a 1.57% p.a % 19.05% n/a n/a n/a 10.11% p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 17.73% 8.03% 9.35% 6.03% 8.05% p.a. 7.65% p.a. n/a n/a n/a n/a n/a n/a 20.58% 7.53% 9.85% 13.07% 9.75% p.a. 6.40% p.a. n/a n/a n/a n/a n/a 5.95% p.a % 31.54% 9.89% 33.16% 13.36% p.a. 8.09% p.a % 30.11% 12.38% 28.92% 16.46% p.a % p.a % 34.40% 31.71% 14.42% 15.32% p.a % p.a % 33.18% 25.04% 45.75% 18.75% p.a % p.a. 8.70% 8.21% 9.42% n/a n/a 6.71% p.a % 20.27% 25.84% 16.36% 13.99% p.a % p.a. 7.23% 6.13% 6.62% 17.31% 6.77% p.a. 4.29% p.a. 6.27% 5.75% 5.89% 5.85% 5.33% p.a. 5.23% p.a % 61.18% 46.36% 56.67% 41.89% p.a % p.a % 13.81% 17.16% 14.47% 8.94% p.a. 9.88% p.a. 13

16 Investment returns to 30 June 2008 continued 14 Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 ING Wholesale Capital Stable Trust MMF0114AU Yes Yes -0.55% ING Wholesale Global High Dividend HML0014AU Yes Yes % ING Wholesale Global Prop Sec HML0016AU Yes Yes % ING Wsale Australian Share Trust AJF0804AU Yes Yes -8.99% ING Wsale Balanced Trust AJF0802AU Yes Yes -7.87% ING Wsale Blue Chip Imputation MMF0340AU Yes Yes % ING Wsale Diversified Fixed Interest ANZ0212AU Yes Yes 0.03% ING Wsale Emerging Companies Trust MMF0112AU No Yes % ING Wsale Fixed Interest Trust MMF0075AU Yes Yes 2.87% ING Wsale Global Emerging Markets Share Trust MMF0275AU Yes Yes -6.95% ING Wsale Global Share MMF0343AU Yes Yes % ING Wsale High Growth MMF0342AU Yes Yes % ING Wsale Managed Growth Trust MMF0115AU Yes Yes % ING Wsale Select Leaders Trust ANZ0216AU Yes Yes -4.50% Intech Intl High Opportunities Trust INT0069AU Yes Yes % Integrity Australian Share ITG0001AU Yes Yes n/a Invesco Wholesale Asian Share GTU0009AU Yes Yes % Invesco Wholesale Australian Share CNA0811AU Yes Yes % Invesco Wholesale Global Property Securities GTU0041AU Yes Yes % Invesco Wsale Aust Smaller Co CNA0812AU Yes Yes % Invesco Wsale Global Fixed Interest GTU0021AU Yes Yes 1.73% Invesco Wsale Global Matrix Hedged GTU0008AU Yes Yes % Invesco Wsale Global Matrix Unhedged GTU0102AU Yes Yes % Investors Mutual Australian Share IML0002AU Yes Yes % Investors Mutual Australian Smaller Companies IML0001AU No Yes % Investors Mutual Future Leaders IML0003AU Yes Yes % Investors Mutual Industrial Share IML0004AU Yes Yes % Investors Mutual Small Cap IML0006AU Yes Yes % Investors Mutual Value & Income IML0005AU Yes Yes % JANA Australian Share Long Short Trust MLC0672AU Yes Yes % JANA Global Share Long Short Trust MLC0673AU Yes Yes % K2 Asian Absolute Return KAM0100AU Yes Yes -7.58% K2 Australian Absolute Return KAM0101AU Yes Yes % K2 Select ARF ETL0046AU Yes Yes -7.04% Kinetic Wsale Emerging Companies HOW0036AU Yes Yes % Kinetic Wsale Small Companies (CNA) HBC0006AU No Yes % Lazard Australian Equity W Class LAZ0010AU Yes Yes % Lazard Global Equity (ex Australia) I Class LAZ0001AU Yes Yes % Lazard Global Small Cap W Class LAZ0012AU Yes Yes % Lazard Select Australian Equity W Class LAZ0013AU Yes Yes % Legg Mason Australian Bond Trust SSB0122AU Yes Yes 2.78% Legg Mason Australian Credit Trust SSB0123AU Yes Yes -2.30% Legg Mason Australian Equity Trust SSB0125AU Yes Yes % Legg Mason Diversified FI Trust JPM0018AU Yes Yes 0.81% Legg Mason Diversified Trust JPM0008AU Yes Yes % Legg Mason Property Securities Trust SSB0128AU Yes Yes % Legg Mason Tactical Allocation Trust SSB0130AU No Yes -3.93% Legg Mason Wholesale Defensive Trust SSB0001AU Yes Yes -5.28% Leveraged Investment Companies BEG0002AU Yes Yes % Life Settlements Wholesale LFS0001AU Yes Yes -5.87% LM Wholesale Mortgage Income Fd 12 mths LMI0008AU No Yes 8.76% LM Wsale Mortgage Income LMI0007AU No Yes 7.69% Macarthur Cook Diversified Prop Income MCK0002AU No Yes % Macquarie Aust Small Caps Incentive MAQ0479AU Yes Yes % Macquarie Aust Smaller Companies MAQ0454AU Yes Yes % Macquarie Direct Property MAQ0448AU Yes Yes 6.39% Macquarie Direct Property No. 11 East Coast Port MAQ0321AU No Yes n/a Macquarie Diversified Private Equity Accumulation 2003 MAQ0282AU No Yes 3.79% Macquarie Diversified Private Equity Accumulation 2004 MAQ0322AU No Yes 2.59% Macquarie Diversified Private Equity Pension 2003 MAQ0283AU No Yes 3.80% Macquarie Diversified Treasury (AA) No1 MAQ0312AU No Yes 5.67% Macquarie Diversified Treasury No.1 MAQ0223AU No Yes 5.59% Macquarie Enhanced Resource & Commodity Securities Series 3 MBL0001AU No Yes 28.83%

17 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 8.89% 7.42% 10.71% 7.37% 6.70% p.a. 5.92% p.a. n/a n/a n/a n/a n/a % p.a. n/a n/a n/a n/a n/a -3.12% p.a % 23.42% 30.56% 19.30% 17.69% p.a % p.a % 15.46% 14.53% 14.32% 9.69% p.a. 8.16% p.a % 21.17% 26.78% 17.31% 14.89% p.a % p.a. 4.63% 4.73% 9.64% 3.78% 4.52% p.a. 5.33% p.a % 21.27% 49.59% 36.22% 25.50% p.a % p.a. 3.23% 3.76% 7.68% 2.75% 4.04% p.a. 5.99% p.a % 35.45% 19.22% 22.59% 19.20% p.a. 6.91% p.a. 4.99% 19.60% 1.40% 18.98% 2.18% p.a % p.a % 21.59% 15.07% 19.47% 9.90% p.a. 4.57% p.a % 17.07% 14.78% 15.82% 9.76% p.a. 7.33% p.a % 30.59% 33.91% 21.77% 22.36% p.a % p.a. 7.40% 20.10% n/a n/a n/a 0.90% p.a. n/a n/a n/a n/a n/a % p.a. 1.85% 40.95% -2.60% 32.61% 7.30% p.a. 1.81% p.a % 25.19% 28.86% 27.79% 17.26% p.a % p.a % 27.85% n/a n/a n/a 10.25% p.a % 22.30% 30.63% 27.34% 17.92% p.a % p.a. 4.56% 0.36% 10.86% 1.50% 3.74% p.a. 4.98% p.a % 16.48% 17.78% 32.02% 10.92% p.a. 6.46% p.a. 4.49% 18.40% 5.91% 27.74% 3.74% p.a % p.a % 14.90% 20.00% 20.20% 11.20% p.a % p.a % 20.70% 26.00% 28.70% 14.30% p.a % p.a % 13.80% 26.00% 23.40% 12.10% p.a % p.a % 9.20% 17.40% 16.90% 7.60% p.a. 7.90% p.a. n/a n/a n/a n/a n/a -5.70% p.a % 11.90% 16.50% n/a n/a 7.90% p.a. n/a n/a n/a n/a n/a % p.a. n/a n/a n/a n/a n/a % p.a % 20.67% 13.35% 22.37% 15.34% p.a % p.a % 18.33% 22.57% 23.20% 14.64% p.a % p.a % 33.17% n/a n/a n/a 16.52% p.a. n/a n/a n/a n/a n/a -9.81% p.a % 27.25% 38.30% 29.49% 21.52% p.a % p.a % 12.09% 26.92% 20.30% 10.51% p.a % p.a. 7.81% 18.54% -1.13% 14.33% 2.64% p.a. 4.91% p.a % 25.36% 4.68% 34.63% 8.89% p.a. 6.75% p.a % 5.64% 34.44% 22.44% 11.50% p.a % p.a. 3.94% 3.62% 8.00% 2.58% 4.16% p.a. 5.26% p.a. 4.17% 3.81% 8.26% 2.65% 3.26% p.a. 4.80% p.a % 21.79% 22.63% 19.63% 13.35% p.a % p.a. 4.01% 2.53% 8.87% 3.27% 3.86% p.a. 5.64% p.a % 14.58% 12.47% 14.83% 7.40% p.a. 6.37% p.a % 16.93% 19.29% 17.87% 3.85% p.a. 7.42% p.a. 7.53% 5.92% 15.11% 15.46% 7.78% p.a. 7.17% p.a. 8.18% 6.74% 9.56% 7.30% 5.16% p.a. 5.40% p.a % n/a n/a n/a n/a 7.35% p.a. 4.69% n/a n/a n/a -0.30% p.a % p.a. 8.07% 7.50% 7.50% 7.50% 7.86% p.a. 7.88% p.a. 6.98% 6.75% 6.75% 6.75% 6.98% p.a. 7.02% p.a % n/a n/a n/a n/a % p.a. 0.00% 0.00% 0.00% 0.00% 0.00% p.a % p.a. 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 8.07% p.a % n/a n/a n/a n/a 18.95% p.a. n/a n/a n/a n/a n/a n/a 7.91% 6.08% 12.93% 3.78% 6.84% p.a. 6.57% p.a. 9.13% 5.36% 5.01% 0.00% 0.00% p.a. 5.41% p.a. 9.99% 5.94% 15.27% 4.80% 7.87% p.a. 7.73% p.a. 6.52% 6.05% 6.03% 0.00% 0.00% p.a. 6.03% p.a. 6.57% 6.08% 6.08% 5.77% 6.01% p.a. 5.78% p.a. 2.74% n/a n/a n/a n/a 7.79% p.a. 15

18 16 Investment returns to 30 June 2008 continued Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 Macquarie Enhanced Resource & Commodity Securities Series 4 MBL0002AU No Yes 38.12% Macquarie Equinox Limited Class B Shares MAQ0001BM No Yes n/a Macquarie Equinox Limited Class C Shares MAQ0002BM No Yes n/a Macquarie Fortress MAQ0352AU No Yes % Macquarie Global Infrastructure Trust MAQ0222AU No Yes n/a Macquarie Global Infrastructure Trust II MAQ0353AU No Yes n/a Macquarie Global Private Equity Sec MAQ0447AU Yes Yes % Macquarie Global Prop Sec Hedged MAQ0436AU Yes Yes % Macquarie Globalis BRIC Adv Hedged MAQ0473AU Yes Yes 0.64% Macquarie Globalis BRIC Adv Unhedged MAQ0474AU Yes Yes % Macquarie Income Opportunities MAQ0277AU Yes Yes 3.73% Macquarie Income Plus No 1 MAQ0325AU No Yes 4.52% Macquarie Index-Linked Prop Sec MAQ0431AU Yes Yes % Macquarie Infrastructure Securities MAQ0432AU Yes Yes % Macquarie Martin Place Trust MAQ0270AU No Yes -4.31% Macquarie Master Active Aust Equity MAQ0062AU No Yes % Macquarie Master Alpha Plus MAQ0278AU Yes Yes % Macquarie Master Aust Enhanced Equities MAQ0057AU No Yes % Macquarie Master Balanced MAQ0058AU Yes Yes % Macquarie Master Capital Stable MAQ0059AU Yes Yes -2.51% Macquarie Master Cash MAQ0187AU Yes Yes 6.72% Macquarie Master Cash Plus MAQ0060AU Yes Yes 5.06% Macquarie Master Diversified Fixed Interest MAQ0274AU Yes Yes 3.56% Macquarie Master Fixed Interest MAQ0061AU Yes Yes 2.81% Macquarie Master Geared Growth MAQ0271AU Yes Yes % Macquarie Master Imputation MAQ0086AU No Yes -9.93% Macquarie Master Property Sec MAQ0063AU Yes Yes % Macquarie Master Small Companies MAQ0085AU No Yes % Macquarie Private Equity Trust MAQ0104AU No Yes n/a Macquarie Private Equity Trust II MAQ0269AU No Yes n/a Macquarie Property Income MAQ0300AU Yes Yes % Macquarie Treasury MAQ0055AU Yes Yes 7.28% Macquarie True Index Aust Fixed Interest MAQ0211AU Yes Yes 4.41% Macquarie True Index Australian Shares MAQ0288AU No Yes % Macquarie True Index Global Bond MAQ0266AU No Yes 8.69% Macquarie True Index Linked Aust Share MAQ0455AU Yes Yes % Macquarie True Index Property Securities MAQ0219AU Yes Yes % Macquarie WRAP Solutions Cash Account* MAQ0203AU Yes Yes 7.57% Macquarie Australian Equity Income (formerly MQ Buy Write ) MAQ0452AU No Yes n/a Magellan Global MGE0001AU Yes Yes % Magellan Infrastructure MGE0002AU Yes Yes % Maple-Brown Abbott Divers Invest Trust MPL0001AU Yes Yes % Mariner Wholesale Mortgage Trust MRN0003AU Yes Yes 7.34% Maxim Property Securities COL0001AU Yes Yes % MCG Select Portfolio SLT0010AU Yes Yes 4.53% Mercer Australian Shares Plus MIN0020AU Yes Yes % Mercer Diversified Alternatives MIN0026AU No Yes 1.20% Mercer Growth Plus MIN0021AU Yes Yes % Mercer Income Plus MIN0027AU Yes Yes -2.30% MFS Global Equity MIA0001AU Yes Yes % Mirvac Aqua Enhanced Income JFF0003AU Yes Yes 7.82% Mirvac Aqua High Income JFF0001AU Yes Yes 9.49% Mirvac Aqua Income JFF0002AU Yes Yes 7.04% MLC Platinum Global MLC0317AU No Yes % MLC Wholesale Australian Share MLC0262AU No Yes % MLC Wholesale Global Share MLC0261AU Yes Yes % MLC Wholesale IncomeBuilder MLC0264AU Yes Yes % MLC Wholesale Property Securities MLC0263AU Yes Yes % MLC Wsale Aust Share Growth Style MLC0623AU Yes Yes % MLC Wsale Aust Share Value Style MLC0624AU Yes Yes % MLC Wsale Capital Intl Global Share MLC0316AU Yes Yes % * On 29 May 2008, the underlying investment of the Cash Account was transitioned from the Macquarie Treasury to a wholesale deposit with Macquarie Bank Limited. For performance figures prior to 29 May 2008, refer to the Macquarie Treasury above on this page.

19 12 months to 30/6/07 12 months to 30/6/06 12 months to 30/6/05 12 months to 30/6/04 5 year compound to 30/6/08 (% p.a.) Since inception to 30/6/08 (% p.a.) 2.98% n/a n/a n/a n/a 11.34% p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 10.20% 5.80% 18.00% n/a n/a -3.94% p.a. n/a n/a n/a n/a n/a 9.74% p.a. n/a n/a n/a n/a n/a 14.16% p.a % 0.00% 0.00% 0.00% 0.00% p.a % p.a % 0.00% 0.00% 0.00% 0.00% p.a. 9.57% p.a. n/a n/a n/a n/a n/a 16.24% p.a. n/a n/a n/a n/a n/a 1.30% p.a. 6.71% 5.89% 5.93% 0.00% 0.00% p.a. 5.57% p.a. 6.68% 6.25% 6.28% 0.00% 0.00% p.a. 5.96% p.a % 0.00% 0.00% 0.00% 0.00% p.a % p.a % 0.00% 0.00% 0.00% 0.00% p.a. 8.11% p.a % 40.90% 9.21% 0.00% 12.62% p.a % p.a % 25.97% 27.65% 19.52% 16.87% p.a. 8.69% p.a % 25.95% 27.62% 19.57% 16.88% p.a % p.a % 23.63% 26.13% 20.74% 15.81% p.a % p.a % 14.74% 13.76% 15.60% 9.87% p.a. 7.84% p.a. 9.70% 8.57% 8.90% 7.72% 6.37% p.a. 7.05% p.a. 5.88% 5.23% 5.09% 4.77% 5.53% p.a. 5.17% p.a. 5.92% 5.37% 5.32% 4.95% 5.32% p.a. 5.40% p.a. 6.07% 2.94% 10.18% 5.17% 5.55% p.a. 7.03% p.a. 3.38% 3.03% 5.83% 1.68% 3.33% p.a. 6.29% p.a % 45.80% 41.32% 29.28% 24.15% p.a % p.a % 25.92% 27.48% 19.03% 16.90% p.a % p.a % 17.52% 17.83% 16.10% 3.70% p.a. 9.30% p.a % 39.11% 36.89% 37.74% 26.01% p.a % p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 36.81% 26.35% 29.78% 18.87% -2.74% p.a % p.a. 7.39% 5.79% 5.64% 5.31% 6.01% p.a. 6.23% p.a. 4.00% 3.41% 7.79% 2.33% 4.37% p.a. 5.53% p.a % 24.03% 26.02% 21.72% 16.22% p.a % p.a. 5.21% 1.20% 12.29% 3.51% 6.10% p.a. 7.17% p.a. 0.00% 0.00% 0.00% 0.00% 0.00% p.a. 2.81% p.a % 18.04% 18.10% 17.24% 5.53% p.a. 8.13% p.a. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a % p.a. n/a n/a n/a n/a n/a % p.a % 13.20% 13.40% 16.80% 9.20% p.a % p.a. 6.72% 6.45.% n/a n/a 7.06% p.a. 7.02% p.a % n/a n/a n/a n/a 0.43% p.a. n/a n/a n/a n/a n/a 5.63% p.a % n/a n/a n/a n/a 9.70% p.a % n/a n/a n/a n/a 5.70% p.a % n/a n/a n/a n/a 6.90% p.a % n/a n/a n/a n/a 4.10% p.a. 7.50% 23.38% -0.12% 20.46% 5.47% p.a. 5.28% p.a. n/a n/a n/a n/a n/a 6.63% p.a. 9.47% 9.70% n/a n/a n/a 9.68% p.a. 6.52% 6.38% n/a n/a n/a 7.58% p.a % 25.51% -0.18% 34.86% 8.99% p.a. 5.32% p.a % 21.25% 26.01% 20.85% 14.54% p.a % p.a. 8.32% 21.87% -0.51% 17.83% 4.53% p.a. 2.04% p.a % 13.65% 21.33% 17.73% 8.94% p.a. 8.35% p.a % 17.44% 18.28% 17.37% 6.47% p.a. 8.42% p.a % 26.36% n/a n/a n/a 14.67% p.a % 14.32% n/a n/a n/a 10.35% p.a. 6.28% 22.52% -2.53% 17.71% 4.08% p.a % p.a. 17

20 Investment returns to 30 June 2008 continued 18 Investment name APIR Available in Super Accumulator Available in Super and Pension Manager 12 months to 30/6/08 MLC Wsale Global Share Value Style MLC0626AU Yes Yes % MLC Wsale Horizon 3 Cons Growth Pfolio MLC0398AU Yes Yes -4.98% MLC Wsale Horizon 4 Balanced Portfolio MLC0260AU Yes Yes -8.96% MLC Wsale Horizon 5 Growth Portfolio MLC0265AU Yes Yes % MLC Wsale Horizon 6 Share Portfolio MLC0397AU Yes Yes % MLC Wsale Horizon 7 Acclerated Gth Pfolio MLC0449AU Yes Yes % MMC Property Securities MMC0103AU No Yes 0.00% MMC Small Companies AMS0100AU Yes Yes % MMC Wholesale Australian Share MMC0100AU Yes Yes % Morgan Stanley Global Franchise MAQ0404AU Yes Yes % MQ Asia Long Short MAQ0476AU No Yes n/a MQ Multi-Strategy MAQ0453AU No Yes n/a MQ Special Events Indirect MAQ0588AU No Yes n/a MQ Term Plus MTP003 MAQ0522AU No Yes 2.71% MQ Term Plus MTP004 MAQ0523AU No Yes 2.54% Multiplex Diversified Property MLP0001AU Yes Yes -26.9% p.a. Multiplex Property Income MLP0002AU Yes Yes 8.27% Octavia Wsale Premium Income Fd 6 mth MFS0011AU Yes Yes 0.00% Octaviar Wsale Premium Income Fd 12 mth MFS0010AU Yes Yes 0.00% Octaviar Wsale Premium Income MFS0009AU Yes Yes 4.28% OM IP 16eight MAN0024CK No Yes 22.80% OM-IP 130 Plus Series MAN0001CK No Yes 16.50% OM-IP 140 PLUS MAN0014CK No Yes 17.40% OM-IP 15seven Limited MAN0019CK No Yes 24.30% OM-IP Eclipse Limited MAN0026CK No Yes 21.20% OM-IP Hedge Plus MAN0004CK No Yes 7.40% OM-IP MultiStrategy Limited MAN0016CK No Yes 6.10% OM-IP Strategic Limited MAN0005CK No Yes 4.00% OM-IP Strategic Series 4 MAN0009CK No Yes 23.60% OM-IP Strategic Series 6 MAN0011CK No Yes 21.40% OM-IP Strategic Series 7 MAN0012CK No Yes 22.10% OM-IP Strategic Series 8 MAN0013CK No Yes 22.20% OM-IP Strategic Series 9 MAN0015CK No Yes 22.30% OM-IP Stratum Limited MAN0020CK No Yes 5.60% Opis Capital Dynamic Eqt OPS0001AU Yes Yes % Opis Capital Premium Eqt OPS0002AU Yes Yes % Optimix Whol Geared Aust Share Class B MMF0990AU Yes Yes % Optimix Wholesale Balanced Trust LEF0107AU Yes Yes % Optimix Wsale Aust Share Trust Class A LEF0043AU Yes Yes % Optimix Wsale Australian Fixed Int Trust LEF0104AU Yes Yes 2.86% Optimix Wsale Australian Property Securities Trust LEF0101AU Yes Yes % Optimix Wsale Australian Share Trust LEF0102AU Yes Yes % Optimix Wsale Conservative Trust LEF0108AU Yes Yes -4.77% Optimix Wsale Enhanced Cash Trust LEF0105AU Yes Yes 4.76% Optimix Wsale Glb Shares Trust Class A LEF0047AU Yes Yes % Optimix Wsale Global Share Trust LEF0103AU Yes Yes % Optimix Wsale Global Smaller Companies Share Trust LEF0173AU Yes Yes % Optimix Wsale Growth Trust LEF0106AU Yes Yes % Optimix Wsale High Growth Trust LEF0100AU Yes Yes % Optimix Wsale Moderate Trust LEF0027AU Yes Yes -7.86% Opus Income & Capital No. 21 OPU0001AU No Yes 12.82% Orb Technology ORB0001BM No Yes -1.55% Orchard Hybrid Property SAI0001AU Yes Yes -1.48% Ord Minnett Enhanced Income ORD0005AU Yes Yes 4.77% Ord Minnett Global Dynamic ORD0007AU Yes Yes % Ord Minnett hedged Global Dynamic ORD0008AU Yes Yes n/a Ord Minnett Premium Yield ORD0006AU Yes Yes % Orion Wsale Australian Share HOW0020AU Yes Yes % Patriot Australian Share PAT0001AU Yes Yes % Patriot Small Companies PAT0002AU Yes Yes % Pengana Absolute Return Real Estate PER0282AU No Yes n/a Pengana Emerging Companies PER0270AU Yes Yes % Pengana Property Securities PER0076AU Yes Yes %